4201 Glass Rd NE, Cedar Rapids, IA 52402
Multi-tenant office building with recent suite updates, roof replacement, and 44-space parking for flexible occupancy.
- Added:
- Feb 9, 2026
- Days on Market:
- 143
- Last Refresh:
- Jul 1 at 5:14 am
Property Features for 4201 Glass Rd NE
General Information
- Standard status
- Active
- Size
- 7,360 SF
- Lot size
- 1.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing office RE/MAX Concepts - Cedar Falls (641) 990-7932
Listing date Feb 9, 2026
Source Pinnaclerealtyia
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Concepts - Cedar Falls
HighLights
- 7,360 SF multi‑tenant office building on 1.64 acres with 44 on‑site parking spaces
- Two‑tenant configuration with flexible layout for continued multi‑tenant use or conversion to single‑tenant
- Cedar Rapids Pain Associates leases 4,106 SF under an NNN lease at $12.10/SF ($4,140/mo. + OpEx) through January 31, 2029
- Recent interior updates in Suite A
- Roof replacement completed in summer 2026
- County road, paved road frontage
Overview
The building is located at 4201 Glass Rd NE in Cedar Rapids, Iowa. It operates under an NNN structure, and one suite is leased to Cedar Rapids Pain Associates under terms that run through January 31, 2029. The tenant occupies 4,106 square feet, paying $12.10 per square foot, which is stated as $4,140 per month plus OpEx.
For owner-users and investors, the asset provides a live/work or income-supporting configuration with an in-place tenant under long-term NNN lease coverage. The combination of ongoing multi-tenant capability, existing updates to Suite A, and a recent roof replacement supports practical use for office tenants seeking turn-key space, while also allowing an owner to re-lease or reconfigure remaining space as needs evolve.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.6k | $13.80 |
| − Vacancy | −$10.2k | −$1.38 |
| EGI | $91.4k | $12.42 |
| − OpEx | −$36.6k | −$4.97 |
| NOI | $54.8k | $7.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.699682
- Latitude
- 42.0161827
